rETH accounts for more than half of liquid staking token trading volume over past three weeks
IntoTheBlock shows that over the past three weeks, Rocket Pool's rETH has accounted for more than half of the LSD (liquidity derivatives staking) trading volume. Despite Lido's total locked value (TVL) being eight times that of Rocket Pool, rETH has driven $28.8 million worth of trading in the past 21 days, surpassing stETH's $6.7 million. The data also shows that activity around Frax's FRXETH and SFRXETH tokens is increasing, while Coinbase's cbETH token dominance has dropped significantly from its mid-year high.
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